Despite a national trend of declining foreclosure volume, a recent spike in foreclosure activity has created a number of hot spots in many local markets. Here's a look at the 12 cities most affected by this development.
Last year, Brett Buras and a partner scored big on a flip. They bought a house in Belleair Bluffs for $185,000, spent another $70,000 or so on renovations and sold it for $359,000 — a net profit of $104,000.
The lender acquired Esperanza Mansion, the hotel, restaurant, and wedding venue overlooking Keuka Lake, N.Y., that closed its doors in 2016, after no bids were received at a foreclosure auction on March 7.
Sledgehammered by the foreclosure crisis, drug dealing and other crimes, some Dayton, Ohio, neighborhoods are too far gone even for the Montgomery County Land Bank to use its limited resources for demolitions.